Bryn Mawr Capital Management LLC Reduces Stake in First Solar, Inc. (NASDAQ:FSLR)

Bryn Mawr Capital Management LLC decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 75.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,495 shares of the solar cell manufacturer’s stock after selling 4,476 shares during the period. Bryn Mawr Capital Management LLC’s holdings in First Solar were worth $263,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strengthening Families & Communities LLC purchased a new stake in First Solar during the 3rd quarter worth about $25,000. Kennebec Savings Bank purchased a new stake in shares of First Solar in the 3rd quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in shares of First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after acquiring an additional 107 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of First Solar in the 4th quarter valued at about $53,000. Finally, Financial Avengers Inc. purchased a new stake in shares of First Solar in the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Price Performance

FSLR opened at $155.39 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. First Solar, Inc. has a 52-week low of $141.70 and a 52-week high of $306.77. The stock has a market capitalization of $16.64 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.18 and a beta of 1.47. The stock’s 50 day moving average price is $176.11 and its 200-day moving average price is $200.39.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FSLR. Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Tuesday, October 29th. Bank of America lowered their price target on First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Barclays lowered their price target on First Solar from $275.00 to $273.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 price target (down previously from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group decreased their price objective on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $276.38.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.